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LCR Portfolio Analysis (2013)
websitebuilder-hub • Nov 22, 2018
OpenCities were commissioned by LCSDE in 2013 to produce a report entitled 'LCR Portfolio Quality Analysis'.
This analysis, for the World Bank, looked at its Latin American portfolio. The report aimed to assess the strengths and weaknesses of LCR's portfolio with respect to overall project outcomes, and used LCR's own ISR data as well as IEG project ratings. OpenCities also carried out interviews with staff in the region to help develop practical responses to any issues highlighted, and case studies to provide qualitative insights into the causes of good and poor project performance.
IEG and team calculations of project ratings were used to compare LCR project performances with the rest of the World Bank's portfolio. OpenCitie's analysis also found that governance, social protection and education projects were the best performing projects in the latter half of the 2000's while agriculture and urban development lagged behind. The analysis also found that within the LCR portfolio, Haiti, Paraguay and Argentina have much higher shares of commitments at risk than the rest of the region.
An in-depth qualitative analysis identified several core issues with large problem projects: shortages in counterpart funding; management and/or fiduciary and/or other technical weaknesses in implementing units; slow implementation at local levels due to multiple parties or weak capacity; and poor management of works contracts. OpenCities also summarised some practical suggestions to improve LCR projects, in particular focussed on improving the work of TTLs.
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